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After the traditional Chinese New Year in February, property sales rebounded, but only to a certain extent, causing developers to take the initiative to stimulate the market.
The promotion measures by developers have seen some effect, but where the market will go still depends on the overall environment,
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March and April are crucial to property developers as the two months decide the price trend of the whole year, said Xue Jianxiong, an analyst with real estate services company E-house.
At the annual National People's Congress (NPC) and Chinese People's Political Consultative Conference (CPPCC) sessions, property price is a hot topic. The rollout of new policies controlling property prices will further influence the market.
Contrary to developers' active gesture,
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In Shanghai, 40 buildings will enter the market for sale in March,
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Related readings:
Housing set to warm after 'cold season'
Nearly half of CPPCC proposals focus on housing
New rules to control housing prices on the way
Netizens question moderate increase on housing prices
Beijing calls off all favorable policies on housing purchases
Many property developers in major cities like Beijing and Shanghai have increased their supply or introduced favorable terms in an effort to end the sluggish sales of the last two months, the 21st Century Business Herald reported on Wednesday.
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